Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He\u2019s a real estate investor and host of the new podcast Weiss Advice.
\nHere are the questions for the podcast:
\n\u2022 What's your role in the business?
\n\u2022 How did you get into cost segregation space?
\n\u2022 What is cost segregation? Can you give an example with numbers?
\n\u2022 How does bonus depreciation work especially after Tax Cuts Jos Act?
\n\u2022 I am a passive investor and have invested $100K in an multi-family syndication? Would cost segregation loss flow to me? Can I apply the loss to my active income?
\n\u2022 What if I don't have enough passive income to write off the passive loss? How long can I carry forward the loss? What happens when the property is sold?
\n\u2022 When is paying for cost segregation justified? Can I do it on single family house, duplex, fourplex etc? I have a 10 unit property acquired for $500K, would it be worth to go through cost seg?
\n\u2022 When should someone involve a cost segregation company? During due diligence or after close and why?
\n\u2022 Do you personally invest in real estate and what kind of real estate? Where do you see market is headed in the next 2-3 years?